Market Research Future (MRFR) has published a cooked research report on the “Global Resistance Bands Market” that contains information from 2018 to 2027. The Resistance Bands market is estimated to register a CAGR of 12.25% during the forecast period of 2023 to 2027.
MRFR recognizes the following companies as the key players in the global Resistance Bands market— Performance Health Holding, Inc. (US), Wacces, Inc. (US), Black Mountain Products, Inc. (US), ProsourceFit (US), Zaj Fit (US), Xtremebands (Canada), Bodylastics USA Inc. (US), Fitness Anywhere LLC (US), Decathlon S.A. (France), and The Peach Builder Co. (New Zealand).
Resistance Bands Market Highlights
The global Resistance Bands market is accounted to register a CAGR of 12.25% during the forecast period and is estimated to reach USD 1.74 Billion by 2027.
The Resistance Bands Market involves the sale of elastic bands of varying strengths used for strength training, physical therapy, and fitness workouts. These portable and versatile bands provide resistance to enhance muscle strength and flexibility, catering to a diverse consumer base seeking convenient and effective exercise solutions. The market's growth is driven by the popularity of home workouts and the increasing emphasis on fitness and wellness.
Segment Analysis
The global Resistance Bands market has been segmented on based Product Type, Category and Distribution Channel.
On the basis of Product Type, the market is segmented into Therapy Bands, Tube Bands, Fit Loop Bands, Pull-Up Bands and Others. Players in the market are spending in R&D to create cutting-edge technologies and enhance the band material in response to the increased demand for resistance bands. Consumers are taking an interest in new and inventive items, which is propelling market expansion globally.
Based on Category, the global Resistance Bands market has been segmented into Light, Medium and Heavy. During the forecast period, this market category is expected to develop modestly and hold the highest market share. Flexibility and joint mobility are improved with the aid of therapy bands. They help people heal from hip, shoulder, and knee injuries safely and effectively.
Based on Distribution Channel, the global Resistance Bands market has been segmented into Store-Based and Non-Store-Based. Due to its numerous uses, this market segment held the largest share in 2019. Since medium strength bands are not appropriate for professional bodybuilders, consumers who are seeking to maintain their health through moderate at-home workout regimens choose to utilise them.
Regional Analysis
The global Resistance Bands market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Resistance Bands market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Resistance Bands market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Resistance Bands market comprises of Middle East, Africa, and Latin America.
The North America Resistance Bands Market dominated this market in 2022 In 2019, North America led the world market for resistance bands. The lifestyle of Americans has been impacted by the rising rate of obesity and problems related to weight. Resistance bands are increasingly in demand in the area as physical fitness and weight training become more important.
Additionally, the resistance band market has a new source of revenue in the Asia-Pacific region. A profitable market for the current companies has been created by the expanding populations in China and India. Due to the increased interest in sporting activities and the resulting demand to stay fit, the market in the area is expanding.
Key Findings of the Study
- The global Resistance Bands market is expected to reach USD 1.74 Billion by 2027, at a CAGR of 12.27% during the forecast period.
- The North America Resistance Bands Market dominated this market in 2022 In 2019, North America led the world market for resistance bands. The lifestyle of Americans has been impacted by the rising rate of obesity and problems related to weight.
- Based on Distribution Channel, Due to its numerous uses, this market segment held the largest share in 2019.
- Performance Health Holding, Inc. (US), Wacces, Inc. (US), Black Mountain Products, Inc. (US), ProsourceFit (US), Zaj Fit (US), Xtremebands (Canada), Bodylastics USA Inc. (US), Fitness Anywhere LLC (US), Decathlon S.A. (France), and The Peach Builder Co. (New Zealand).
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Companies Covered | 15 |
Pages | 90 |
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